Senior Financial Analyst, Wattpad
FP&A
$80-140k
Platform for sharing original writing
Job no longer available
Platform for sharing original writing
101-200 employees
Job no longer available
$80-140k
101-200 employees
Company mission
Wattpad's mission is to create a world where everyone's story can be heard, and anyone can belong.
Role
Who you are
- Bachelor’s degree in finance, Accounting, Business Administration, or a related field
- Proven 3-5 years’ experience in financial planning and analysis, or a related field
- Strong analytical skills and proficiency in financial modeling & planning
- Ability to interpret and analyze financial statements and market data
- Advanced knowledge of financial reporting software and Excel; experience with ERP systems is a plus
Desirable
- Fluent or capable of communicating and conducting business meetings in Korean preferred
What the job involves
- As a global integrated organization listed on NASDAQ, we are seeking individuals to join us in advancing and refining our corporate management processes
- Conduct monthly, quarterly and annual budget variance analysis to identify significant variances, understand underlying causes, and recommend corrective action
- Aid in preparing monthly, quarterly and annual financial reports and presentations for both internal and external stakeholders
- Build and maintain financial models to evaluate strategic scenarios and their financial impact, forecasting the company’s long-term growth and profitability
- Monitor and analyze key performance indicators (KPIs) relating to finance and broader business, providing actionable insights to leadership
- Synthesize financial performance data and strategic inputs to propose the company’s future business direction, effectively communicating these insights to leadership and external stakeholders
- Develop and establish Annual Operating Plan by aligning financial targets with strategic business goals, collating and evaluating budget proposals from various departments, ultimately defining the company's financial objectives/targets
- Develop and enhance budget management framework, optimizing processes for efficient budgetary control
- Adapt to unconventional working hours and perform high-intensity tasks as needed
Our take
Content is king and Wattpad has managed to create a platform that aggregates the most loved original writing content in the world, turning the traditional publishing industry on its head.
Where authors used to submit drafts to dozens of publishing houses in the hope of getting some eyeballs on their work, Wattpad opened up the process to millions of young authors by letting them easily submit their work, and fostering a community around their software that offers feedback and help.
The e-reading platform is now looking to double down on its strategy of taking its user-generated fiction and turning it into successful intellectual property upon which original series and movies can be based. However, a significant challenge for Wattpad is in producing original, marketable content from its platform, given the popularity of fanfiction, stories which are based on existing intellectual property.
Another challenge for Wattpad is the current economic conditions, which have affected much of the tech sector and are not sparing digital publishing. Having shelved bold plans for the future, it also laid off 15% of its workforce in March 2023. Having realigned for its current business needs, however, it is now well placed to weather the current market downturn.
Freddie
Company Specialist at Welcome to the Jungle
Insights
3% employee growth in 12 months
Company
Funding (last 2 of 4 rounds)
Jan 2018
$51m
LATE VC
Apr 2014
$46m
SERIES C
Total funding: $117.8m
Company benefits
- Full health benefits
- Career development & Mentorship opportunities
- RRSP matching
- Generous parental Leave top-up
- Flexible hours
- Regular hackathons
- Healthy snacks & drinks
- Your choice of hardware
- Monthly work-from-home allowance
- Beautiful offices in Toronto and Halifax
- Easy access to transit
Company HQ
St. Lawrence, Toronto, ON
Leadership
Allen lau
(Co-Founder)Lau attended University of Toronto where he earned his bachelor's degree in electrical engineering followed by a master's in the same subject. Thereafter he briefly worked as a software engineer for Brightspark before founding his first notable company, Tira Wireless, a mobile development startup. He is also the co-founder of Two Small Fish Ventures, a fund that invests in Toronto and Waterloo-based early-stage internet companies with strong network effects.
Ivan Yuen
(Co-Founder)Prior to Wattpad, Ivan co-founded FeedM8 and served as the company’s CTO. Before that he was one of the first employees of Tira Wireless, where he helped grow the technical team and developed new and emerging wireless technologies. Ivan graduated from the University of Waterloo with a degree in Computer Engineering and also earned an MBA from the Rotman School of Management.
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